BIT Mining Limited Announces Name and Ticker Change

Rhea-AI Summary

BIT Mining (NYSE: BTCM) announced it will change its English name to SOLAI Limited and its NYSE ticker to SLAI. Shareholders approved the English name change at an extraordinary general meeting on October 9, 2025. The company said the rebrand reflects a strategic shift from cryptocurrency mining toward a technology focus on artificial intelligence and blockchain integration. The company's American Depositary Shares, each representing 100 Class A ordinary shares, are expected to begin trading under the new name and ticker at the open on October 20, 2025.

Insights

Corporate Strategy Analyst

Company rebrands from BIT Mining to SOLAI, signaling a strategic pivot from crypto mining toward AI–blockchain platforms; shareholders approved the name change.

SOLAI Limited replaces BIT Mining and will trade under ticker SLAI from October 20, 2025. The company frames this as a shift from mining to building AI-enabled, blockchain-connected platforms. The corporate mechanism is a board resolution followed by shareholder approval at the EGM on October 9, 2025, and the ADS structure remains unchanged (each ADS represents 100 Class A ordinary shares).

The change is strategic messaging rather than a disclosed operational pivot: the announcement gives no financials, timelines, budgets, or concrete product milestones. Key dependencies and risks include successful delivery of AI/blockchain products, reallocation of capital and talent away from mining, and market reception to the new positioning. Monitor execution milestones such as product launches, hiring or partnership announcements, capital allocation disclosures, and any updated financial guidance within the next 6–12 months to assess whether the rebrand reflects substantive business transformation.

AKRON, Ohio, Oct. 10, 2025 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining" or the "Company"), a leading technology-driven cryptocurrency infrastructure company, today announced the change of its name to "SOLAI Limited" and its ticker symbol to "SLAI".

As previously announced by the Company on August 20, 2025, its board of directors (the "Board") resolved to (i) change the Company's English name to "SOLAI Limited" (the "English Name Change"), subject to shareholders' approval to be obtained at an extraordinary general meeting of shareholders (the "EGM"), and (ii) change the ticker symbol to "SLAI". At the EGM held on October 9, 2025, the Company's shareholders approved the English Name Change by a special resolution.

"Our transition from BIT Mining to SOLAI marks a strategic shift from crypto mining to a technology enterprise at the intersection of artificial intelligence and blockchain. We see the next wave of innovation emerging where intelligent systems connect with decentralized infrastructure — enabling faster, safer, and more efficient exchange of information and value. SOLAI is building this foundation by applying our AI and blockchain expertise to develop reliable, scalable platforms for both human and autonomous participants. We are also creating unified environments that combine intelligence and connectivity across digital ecosystems, fostering more trusted and dynamic interactions among businesses and users." said Bo Yu, the Chairman of BIT Mining.

The Company's American Depositary Shares ("ADSs"), each representing 100 Class A ordinary shares, par value of US$0.00005 per share, of the Company, are currently listed on the New York Stock Exchange under the ticker symbol "BTCM". The Company's ADSs are expected to begin trading under the Company's new English name, "SOLAI Limited", and its new ticker symbol, "SLAI", effective at the opening of trading on Monday, October 20, 2025.

About BIT Mining Limited

BIT Mining Limited (to be renamed SOLAI Limited) (NYSE: BTCM) (to be changed to SLAI), is a technology-driven cryptocurrency infrastructure company expanding from its foundation in crypto mining to build a blockchain-based ecosystem spanning AI, stablecoins and payment infrastructure, and Solana treasury and staking operations — supporting use cases across institutional settlement, commerce, consumer payments, and AI-native agent transactions. By leveraging its blockchain and data infrastructure expertise, BIT Mining aims to enhance on-chain efficiency and expand participation across Solana and other blockchain ecosystems.

For more information:
BIT Mining Limited
ir@btcm.group
ir.btcm.group
www.btcm.group

Contact
Piacente Financial Communications
BITMining@thepiacentegroup.com 

View original content:https://www.prnewswire.com/news-releases/bit-mining-limited-announces-name-and-ticker-change-302580660.html

SOURCE BIT Mining Limited

FAQ

What name change did BIT Mining announce and when does it take effect for trading?

BIT Mining will change its English name to SOLAI Limited, and ADS trading under the new name and ticker SLAI is expected to begin at market open on October 20, 2025.

What ticker will BTCM use after BIT Mining becomes SOLAI Limited?

The company will change its NYSE ticker from BTCM to SLAI effective at the opening of trading on October 20, 2025.

When did shareholders approve BIT Mining's English name change to SOLAI Limited?

Shareholders approved the English name change by special resolution at an extraordinary general meeting on October 9, 2025.

How many ordinary shares does each American Depositary Share represent for BIT Mining/SOLAI?

Each American Depositary Share represents 100 Class A ordinary shares of the company.

Why is BIT Mining rebranding to SOLAI Limited?

The company said the rebrand reflects a strategic shift from crypto mining toward becoming a technology enterprise focused on artificial intelligence and blockchain integration.

Will the share structure or ADS ratio change with the name and ticker change?

The announcement indicates ADSs continue to represent 100 Class A ordinary shares; no change to the ADS ratio was disclosed.